Money Talks from The Economist Money Talks: Why weight-loss drugs will reshape the world
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Apr 18, 2024 Discover the economic impact of weight-loss drugs reshaping the world, with Novo Nordisk leading the way. Explore the challenges, market dominance, and future growth potential of these miracle drugs. Uncover the link between obesity, healthcare costs, and societal perceptions, envisioning a transformation in global economic systems. Dive into discussions on beauty standards, energy consumption, smartphone market shares, and consumer interests in physical gold bars.
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Novo Nordisk's Impact on Denmark
- Novo Nordisk's weight-loss drugs are driving Denmark's economy, preventing a recession.
- Their success is largely due to American demand, influencing even Denmark's monetary policy.
Obesity Drug Market Size
- The global market for obesity drugs is estimated at $40 billion, within a larger $100 billion market for similar diabetes drugs.
- Only 4-5 million Americans use these drugs, including for diabetes.
Pricing and Production
- The list price for Wegovy is $1300, but the net price after rebates is around $700.
- High demand and production limitations give companies market control, impacting pricing decisions.